As lockdowns have eased in several states across the country and the number of Coronavirus infections has fallen significantly over the past two months, domestic passenger car sales have increased by 44 percent, as 2,64,442 units were sold in July 2021. compared to up to 1,82,779 units sold in the same month of 2020.
According to data released by the Society of Indian Automobile Manufacturers (SIAM), approximately 1,30,080 passenger cars were sold in July 2021, compared to 1,02,773 passenger cars sold in the same month of 2020.
However, two-wheeler sales in July 2021 fell to 12,53,937 units in July, compared to 12,81,354 units sold in the same period last year.
At the same time, however, scooter sales rose to 3,66,292 units in July 2021, from 3,34,288 units in the same month of the previous fiscal year.
Electric vehicle sales saw massive growth in July 2021 as 1,270 units were sold compared to just 143 units sold in July 2020.
“The Indian auto industry continues to face severe headwinds in the form of a global semiconductor shortage and a surge in raw material prices. On the one hand, the industry is dealing with such challenges in the supply chain while ensuring the safety of its people, and on the other hand, the industry is also closely watching the onset of the 3rd wave in India and around the world SIAM Director General Rajesh Menon said.